Yoho Resources Inc. Announces Successful Duvernay Drilling at Kaybob, Alberta

Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to
provide an update of Duvernay drilling and completion operations at Kaybob,
Alberta.


Kaybob, Alberta

At Kaybob, Yoho operated the drilling and completion of the first two horizontal
Duvernay development wells from a pad site at 15P-16-62-21 W5 targeting the
Devonian Duvernay shale. The first well located at 14-21-62-21 W5 (75% working
interest) was drilled to a measured depth of 4,943 meters. The horizontal
lateral was 1,536 meters in length within the Duvernay shale formation. The well
was drilled and cased over 33 days at a cost of approximately $4.5 million. Well
completion operations commenced in late December 2012 using a "plug and perf"
completion method. The well was fracture stimulated in 15 stages with 51 perf
clusters using 2,217 tonnes of sand and 18,940 m3 of completion fluid. Following
the fracs, the pumpdown bridge plugs were drilled out with a coiled tubing unit
and production tubing was snubbed in. The total estimated cost of the completion
is approximately $6.6 million, bringing the total cost to drill, complete and
test the well at approximately $11.1 million.


During initial clean-up, the 14-21 well flowed at restricted rates of up to 8.5
MMcf (239.4 e3m3) per day (approximately 2,508 boe per day including condensate
and natural gas liquids). At the end of the 86 hour flow period, the well was
producing at a rate of 6.3 MMcf (177.4 e3m3) per day (approximately 1,860 boe
per day including condensate and natural gas liquids) up production tubing at
flowing tubing pressures of 8,912 kPa and flowing casing pressure of 8,812 kPa.
In addition to the natural gas production at the end of the flow period, the
well was producing field condensate at a rate of 665 barrels (103 m3) per day or
106 barrels of field condensate per MMcf of raw gas. Additional natural gas
liquids are anticipated to be recovered at the gas processing facility. Total
liquids yield, including both field condensate and plant liquids, is estimated
to be 155 barrels per MMcf of raw gas. At the end of the flow period,
approximately 11,910 barrels (1,880 m3) (10%) of completion load fluid had been
recovered. Total fluid production rate (completion load fluid and hydrocarbon
liquids) at the end of the test period was 2,667 barrels per day, of which 75%
was completion load fluid.


The second well located at 1-16-62-21 W5 (75% working interest) was drilled to a
measured depth of 4,355 metres. The horizontal lateral was 983 metres in length
within the Duvernay shale formation. This well was planned as a substantially
shorter lateral due to regulatory spacing regulations. The well was drilled and
cased over 32 days at a cost of approximately $4.2 million. Well completion
operations also commenced in late December 2012 using a "plug and perf"
completion method. The well was fracture stimulated in 11 stages with 38 perf
clusters using 1,382 tonnes of sand and 13,031 m3 of completion fluid. Following
the fracs, the pumpdown bridge plugs were drilled out with a coiled tubing unit
and production tubing was snubbed in. The total estimated cost of the completion
is approximately $4.8 million, bringing the total cost to drill, complete and
test the well to be approximately $9.0 million. 


During initial clean-up, the 1-16 well flowed at restricted rates of up to 3.5
MMcf (98.6 e3m3) per day (approximately 913 boe per day including condensate and
natural gas liquids). At the end of the 90 hour flow period, the well was
producing at a rate of 2.3 MMcf (65 e3m3) per day (approximately 590 boe per day
including condensate and natural gas liquids) up production tubing at flowing
tubing pressures of 2,479 kPa and flowing casing pressure of 2,479 kPa. In
addition to the natural gas production at the end of the flow period, the well
was producing field condensate at a rate of 155 barrels (24.6 m3) per day or 67
barrels of field condensate per MMcf of raw gas. Additional natural gas liquids
are anticipated to be recovered at the gas processing facility. Total liquids
yield, including both field condensate and plant liquids, is estimated to be 120
barrels per MMcf of raw gas. Yoho anticipates the liquids yield will increase as
additional completion fluid is recovered from the wellbore. At the end of the
flow period, approximately 8,930 barrels (1,420 m3) (12%) of completion load
fluid had been recovered. Total fluid production rate (completion load fluid and
hydrocarbon liquids) at the end of the test period was 770 barrels per day, of
which 80% was completion load fluid.


Yoho is pleased with the overall well costs from this multi-well pad operation,
which have been reduced from the cost to drill and complete previous single well
operations. The average cost to drill and complete these two wells is
approximately $10.0 million per well. Yoho is also very encouraged by the early
flow rates and flowing pressures of these wells, given that both wells continue
to flow large volumes of completion load fluid with the natural gas and
condensate. These two wells will be shut-in for one month to obtain pressure
information and to allow the completion water to absorb into the formation. This
absorption period, or "soak time", has resulted in higher flow rates and flowing
pressures after a period of shut-in time in previous wells drilled to date in
the Duvernay formation.


Yoho also conducted a mircoseismic survey in an offsetting vertical well during
the completion of these two wells. Results from this microseismic survey,
combined with improved frac techniques employed in these two wells, will be
incorporated into completion design of future Duvernay wells. 


Also at Kaybob, construction of an 11.2 kilometer 8" pipeline from the 15P-16
padsite to the SemCams Tony Creek trunk line has been completed and the pipeline
commissioned. Yoho is in the process of placing the 13-22-62-21 W5 horizontal
Duvernay well (press release dated February 14, 2012) on-stream and anticipates
having stabilized production rates within the next two weeks.


About Yoho 

Yoho Resources Inc. is a Calgary based junior oil and natural gas company with
operations focusing in West Central Alberta and northeast British Columbia. The
common shares of Yoho are listed on the TSX Venture Exchange under the symbol
"YO". 


This press release shall not constitute an offer to sell or a solicitation of an
offer to buy the securities in any jurisdiction. The common shares of Yoho will
not be and have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States, or to a
U.S. person, absent registration or applicable exemption therefrom. 


Cautionary Statements

Special Note Regarding Forward-Looking Information

In the interest of providing readers with information regarding Yoho, including
management's assessment of the future plans and operations of Yoho, certain
statements contained in this news release constitute forward-looking statements
or information (collectively "forward-looking statements") within the meaning of
applicable securities legislation. Forward-looking statements are typically
identified by words such as "anticipate", "continue", "estimate", "expect",
"forecast", "may", "will", "project", "could", "plan", "intend", "should",
"believe", "outlook", "potential", "target" and similar words suggesting future
events or future performance. In particular but without limiting the foregoing,
this news release contains forward-looking statements pertaining to the
following: anticipated additional incremental liquid recoveries from the gas
processing facility; the Company's intention to shut-in recently completed wells
and the anticipated benefits therefrom; additional anticipated liquids yields
after completion fluid is recovered; completion designs of future Duvernay
wells; and total estimated costs for drilling, completing and testing the two
described wells. 


With respect to forward-looking statements contained in this document, Yoho has
made a number of assumptions. The key assumptions underlying the aforementioned
forward-looking statements include assumptions that: (i) facilities in the area
will remain operational and have the capacity and ability to recover additional
liquid yields from the Company's production; (ii) past performances and recovery
techniques deployed at previous wells in the area will prove beneficial to the
wells described herein; (iii) Yoho will be able to obtain equipment in a timely
manner to carry out its planned activities; and (iv) Yoho will have sufficient
financial resources with which to conduct its anticipated operations. Certain or
all of the forgoing assumptions may prove to be untrue.


Certain information regarding Yoho set forth in this document may constitute
forward-looking statements under applicable securities laws and necessarily
involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond Yoho's control, including without limitation, risks
associated with oil and gas exploration, development, exploitation, production,
marketing and transportation, reliance on third parties, loss of markets,
volatility of commodity prices, environmental risks, inability to obtain
drilling rigs or other services, capital expenditure costs, including drilling,
completion and facility costs, unexpected decline rates in wells, wells not
performing as expected, delays resulting from or inability to obtain required
regulatory approvals and ability to access sufficient capital from internal and
external sources, the impact of general economic conditions in Canada, the
United States and overseas, industry conditions, changes in laws and regulations
(including the adoption of new environmental laws and regulations) and changes
in how they are interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management and fluctuations in foreign
exchange or interest rates. Readers are cautioned that the foregoing list of
factors is not exhaustive.


Yoho's actual results, performance or achievement could differ materially from
those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits that the Company will derive therefrom. All subsequent
forward-looking statements, whether written or oral, attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Additional information on these and other factors
that could affect Yoho's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com) or Yoho's website
(www.yohoresources.ca).


The forward-looking statements contained in this document are made as at the
date of this news release and Yoho does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, whether as
a result of new information, future events or otherwise, except as may be
required by applicable securities laws.


BOE Equivalency 

Barrel of oil equivalents or boes may be misleading, particularly if used in
isolation. A boe conversion ratio of 6 Mcf: 1 bbl is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. Given the value ratio based
on the current price of crude oil as compared to natural gas is significantly
different from the energy equivalency of 6 mcf: 1 bbl, utilizing a conversion
ratio of 6 Mcf: 1 bbl may be a misleading indication of value.




Selected Definitions:                                                       
                                                                            
bbl     means barrel                                                        
boe     means barrel of oil equivalent of natural gas and crude oil on the  
        basis of 1 boe for 6 Mcf of natural gas (this conversion factor is  
        an industry accepted norm and is not based on either energy content 
        or current prices)                                                  
boe/d   barrel of oil equivalent per day                                    
e3m3    means thousands of cubic metres                                     
kPa     means kilopascals                                                   
m3      means cubic metres                                                  
Mcf     means thousand cubic feet                                           
MMcf    means million cubic feet                                            



FOR FURTHER INFORMATION PLEASE CONTACT: 
Yoho Resources Inc.
Wendy S. Woolsey, CA
Vice President, Finance and CFO
(403) 537-1771
www.yohoresources.ca
Yoho Resources Inc. (TSXV:YO)
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